IWD vs. HOVLX

Last updated Jun 4, 2026

IWD (iShares Russell 1000 Value ETF) and HOVLX (Homestead Funds Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, IWD returned 11.23%/yr vs 12.21%/yr for HOVLX. Their correlation of 0.93 suggests significant overlap in exposure. IWD charges 0.18%/yr vs 0.63%/yr for HOVLX.

Performance

IWD vs. HOVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Value ETF (IWD) and Homestead Funds Value Fund (HOVLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWD achieves a 14.20% return, which is significantly higher than HOVLX's 8.28% return. Over the past 10 years, IWD has underperformed HOVLX with an annualized return of 11.23%, while HOVLX has yielded a comparatively higher 12.21% annualized return.

IWD

• 1D: -0.01%
• 1M: 4.22%
• YTD: 14.20%
• 6M: 14.76%
• 1Y: 28.16%
• 3Y*: 18.40%
• 5Y*: 10.17%
• 10Y*: 11.23%

HOVLX

• 1D: 0.76%
• 1M: 2.66%
• YTD: 8.28%
• 6M: 9.72%
• 1Y: 21.38%
• 3Y*: 16.62%
• 5Y*: 9.63%
• 10Y*: 12.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWD vs. HOVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWD iShares Russell 1000 Value ETF	14.20%	15.68%	14.17%	11.34%	-7.75%	24.95%	2.73%	26.12%	-8.45%	13.45%
HOVLX Homestead Funds Value Fund	8.28%	14.60%	14.29%	12.03%	-5.67%	25.09%	7.74%	27.72%	-6.52%	22.22%

Correlation

The correlation between IWD and HOVLX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 30, 2000	0.93

The correlation between IWD and HOVLX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

IWD vs. HOVLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWD

IWD Risk / Return Rank: 80
IWD Sharpe Ratio Rank: 79
IWD Sortino Ratio Rank: 82
IWD Omega Ratio Rank: 78
IWD Calmar Ratio Rank: 79
IWD Martin Ratio Rank: 84

HOVLX

HOVLX Risk / Return Rank: 49
HOVLX Sharpe Ratio Rank: 47
HOVLX Sortino Ratio Rank: 48
HOVLX Omega Ratio Rank: 45
HOVLX Calmar Ratio Rank: 50
HOVLX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWD vs. HOVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and Homestead Funds Value Fund (HOVLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IWD	HOVLX	Difference
Sharpe ratio Return per unit of total volatility	2.63	2.01	+0.62
Sortino ratio Return per unit of downside risk	3.71	2.93	+0.78
Omega ratio Gain probability vs. loss probability	1.47	1.36	+0.11
Calmar ratio Return relative to maximum drawdown	4.17	2.69	+1.48
Martin ratio Return relative to average drawdown	17.46	10.82	+6.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWD vs. HOVLX - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.63, which is higher than the HOVLX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of IWD and HOVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWD	HOVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.01	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.64	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.68	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.61	-0.19

Drawdowns

IWD vs. HOVLX - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, roughly equal to the maximum HOVLX drawdown of -57.90%. Use the drawdown chart below to compare losses from any high point for IWD and HOVLX.

Drawdown Indicators

	IWD	HOVLX	Difference
Max Drawdown Largest peak-to-trough decline	-60.10%	-57.90%	-2.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-8.24%	+1.45%
Max Drawdown (3Y) Largest decline over 3 years	-15.71%	-15.81%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-19.32%	+0.28%
Max Drawdown (10Y) Largest decline over 10 years	-38.51%	-38.08%	-0.43%
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-8.65%	-6.82%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	2.05%	-0.43%

Volatility

IWD vs. HOVLX - Volatility Comparison

iShares Russell 1000 Value ETF (IWD) has a higher volatility of 2.90% compared to Homestead Funds Value Fund (HOVLX) at 2.70%. This indicates that IWD's price experiences larger fluctuations and is considered to be riskier than HOVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWD	HOVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.70%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	8.46%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	11.06%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	15.09%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	17.90%	-0.61%

IWD vs. HOVLX - Expense Ratio Comparison

IWD has a 0.18% expense ratio, which is lower than HOVLX's 0.63% expense ratio.

Dividends

IWD vs. HOVLX - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.50%, less than HOVLX's 9.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOVLX Homestead Funds Value Fund	9.81%	10.62%	9.71%	5.75%	10.54%	8.65%	16.55%	15.30%	11.01%	5.34%	10.00%	7.22%
IWD iShares Russell 1000 Value ETF	1.50%	1.69%	1.87%	2.02%	2.15%	1.62%	2.05%	2.45%	2.71%	2.09%	2.25%	2.47%

Frequently Asked Questions

Can I hold both IWD and HOVLX in my portfolio?

With a correlation of 0.93, IWD and HOVLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IWD or HOVLX?

IWD has higher volatility (2.90%) compared to HOVLX (2.70%). In terms of maximum drawdown, IWD dropped -60.10% vs HOVLX's -57.90%.

Which has better risk-adjusted returns?

IWD currently has the higher Sharpe Ratio (2.63 vs 2.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.